Category: Power

Statiq, an electric vehicle charging network operating more than 400 EV charging points in Karnataka, has launched a no-cost charging initiative in the region. The company aims to motivate users to explore public charging options for long-distance travel, as many rely on home charging. Statiq asserts that their charging stations can accommodate various electric vehicles, […]

U.S. and European politicians have raised alarms that their domestic auto industries could be destroyed by a wave of cheap Chinese electric vehicles. But so far, China’s top EV maker, BYD, has dramatically hiked export prices compared to what it charges at home rather than undercut foreign rivals. The goal: to rake in hefty profit […]

Australia’s Macquarie Asset Management has called off plans to sell renewable energy platform Vibrant Energy due to a valuation mismatch in negotiations, said people aware of the development. Vibrant, a portfolio company of Macquarie’s Green Investment, is currently operating and delivering 1.9 GW of renewable energy solutions to corporate clients across India. It has an […]

Rahul Varshney has quit Europe’s largest renewable power generator Statkraft after helming its Indian operations for 15 years, according to people aware of the development. Varshney could possibly set up his own venture in the energy transition segment, they said. Statkraft, which is owned by Norway’s government, has been operating in India for more than […]

REC Ltd on Thursday said it has secured a green loan for JPY 60.536 billion (about Rs 3,200 crore) to finance eligible clean energy projects. The green facility benefits from an 80% guarantee by Italian export credit agency, SACE (Italy). In January, the company had issued its first yen-denominated 61.1 billion green bonds under its […]

Adani Green Energy, which is looking to develop a 25 gigawatt portfolio by 2025, is in advanced talks with Rabobank, MUFG, SMBC and DBS for a $400 million loan, according to people familiar with the development. The loan is likely to be priced at a secured overnight financing rate (SOFR) plus 250 basis points with […]

Harnessing renewable energy could revolutionise food security in the mountainous region of the Hindu Kush Himalayas, experts, including from India, said here on Tuesday. The remarks were made at a regional conference titled “Advancing Productive Uses of Renewable Energy in Agriculture in the Hindu Kush Himalayas” and hosted by the International Centre for Integrated Mountain […]

Adani Enterprises’ arm Adani Global Limited on Friday announced that it had completed the acquisition of a 49% stake in Adani Esyasoft Smart Solutions. The conglomerate’s intimation comes in connection with an ealier announcement, on April 12, when the deal was executed.

BEIJING: Chinese EV maker BYD will showcase its premium brand’s first sedan at the Beijing auto show from Thursday, in a challenge to the likes of Germany’s Mercedes-Benz which three years ago pulled out of the brand’s development citing slow sales. The Denza Z9GT is the fruit of BYD founder Wang Chuanfu persisting with the […]

Artificial intelligence’s next target is the electric vehicle battery. Chemix, an AI-powered EV battery developer, has completed a $20 million Series A funding round, led by Ibex Investors. The three-year-old startup will use the funding to scale its technology, which uses algorithms to design and optimise novel batteries for electric vehicle makers.

SAN FRANCISCO: Tesla said on Tuesday that it will use its existing factories to build new and more affordable vehicles as early as late this year, leaving investments in new factories in Mexico and India unlikely in the near term. The world’s top EV maker said it plans to raise production by 50% from 2023 […]

New Delhi: Tata Passenger Electric Mobility on Wednesday said it has secured an order to supply 2,000 units of XPRES-T electric sedans from integrated fleet electrification platform Vertelo. The company, a unit of Tata Motors, has inked a non-binding memorandum of understanding, with Macquarie managed Vertelo for the delivery of EV units. The company will […]